(a) whether the Department of Post is contemplating to venture into Banking Sector;
(b) if so, the details thereof; and
(c) the time by which a final decision is likely to be taken in this regard?
(a) whether the Department of Post is contemplating to venture into Banking Sector;
(b) if so, the details thereof; and
(c) the time by which a final decision is likely to be taken in this regard?
THE MINISTER OF STATE IN THE MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY (DR. SHAKEEL AHMAD)
(a) to (c): The Post Office Savings Bank provides various instruments of small savings as an agency function on behalf of the Ministry of Finance. The proposal for a Post Bank is in a conceptual stage and as such it is not feasible to indicate a time frame.